Singapore Airlines Q3 operating profit up 1.7pc | 2017-02-08 |

Singapore Airlines Q3 operating profit up 1.7pc

7th February, 2017 10:59:54 printer

SINGAPORE: Singapore Airlines (SIA) reported on Tuesday a 1.7 per cent rise in third-quarter operating profit, helped by an unexpected growth from cargo and mail, while net fuel costs fell.


Profit reached S$293 million (US$207 million) for the three months ended Dec 31, S$5 million up from the same period last year, reports The Channel NewsAsia.


The carrier, a barometer of the health of Asia's airline industry, said "2017 is expected to be another challenging year amid tepid global economic conditions and geopolitical concerns, alongside other market headwinds such as overcapacity and aggressive pricing by competitors".